Question 1

A product that represents a novel idea requiring little financial investment would be displayed in the _____ of the entrepreneurial strategy matrix.

Accepted Answer

A)  upper-left quadrant
B)  lower-left quadrant
C)  upper-right quadrant
D)  lower-right quadrant
E)  center

Question 2

Explain the procedure a manager has to follow to build support for his or her project idea.

Accepted Answer

To build support for a project idea, a m...

Question 3

The best business plans convey five key factors: the financing, the opportunity, the competition, the succession plan, and risk and reward.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following formal stages of the planning process has Abdul completed by assessing his vision, potential success, and himself?

Accepted Answer

A)  An environmental analysis
B)  A SWOT analysis
C)  A promotional plan
D)  An opportunity analysis
E)  A business plan

Question 5

List a few myths about entrepreneurs and explain why they are myths.

Accepted Answer

The answer of List a few myths about entrepreneurs and...

Question 6

A small business usually has fewer than _____ employees.

Accepted Answer

A)  20
B)  50
C)  75
D)  100
E)  150

Question 7

_____ are a way for a business to raise capital through federally registered and underwritten sales of shares in the company.

Accepted Answer

A)  Initial public stock offerings
B)  Venture capital funds
C)  Microloans from social entrepreneurs
D)  Dividends
E)  Social capitals

Question 8

Which of the following statements about entrepreneurs and risk is the most accurate?

Accepted Answer

A)  Entrepreneurs are best characterized as gamblers in their approach to risk.
B)  Entrepreneurs usually avoid taking risks in their ventures.
C)  Successful entrepreneurs never even consider whether their ventures are risky.
D)  Entrepreneurs alternate between pursuing and retreating from risk.
E)  Successful entrepreneurs take very careful, calculated risks.

Question 9

_____ is a competitive advantage that exists in your relationships with other people and the image other people have of you.

Accepted Answer

A)  Value-added production
B)  Business economics
C)  Affiliation
D)  Entrepreneurial orientation
E)  Social capital

Question 10

The tendency of an organization to engage in activities designed to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing goods or services is called ____.

Accepted Answer

A)  entrepreneurial orientation
B)  oligopolistic behavior
C)  cartelism
D)  intrapreneurial separation
E)  bootlegging

Question 11

Which of the following e-commerce models are online newspapers most likely to use?

Accepted Answer

A)  Affiliate
B)  Intermediary
C)  Advertising support
D)  Subscription
E)  Transaction fee

Question 12

Which of the following nonfinancial resources is crucial to the success of a new business?

Accepted Answer

A)  Transaction fees
B)  Bootleggers
C)  Cheerleaders
D)  Top management teams
E)  Horse traders

Question 13

Richard worked as a teacher for several years before starting an educational games company. He has a clear vision of the result he is working to get. Moreover, he is aware of his strengths and weaknesses, and always sets realistic goals. In this case, which of the following characteristics of successful entrepreneurs does Richard possess?

Accepted Answer

A)  Leadership
B)  Risk tolerance
C)  Opportunity obsession
D)  Self-reliance and ability to adapt
E)  Motivation to excel

Question 14

In Scenario A, Nico's beliefs are some examples of the _____ of entrepreneurship.

Accepted Answer

A)  challenges
B)  opportunities
C)  threats
D)  myths
E)  facts

Question 15

Nora works for a corporation and is using the company's resources to build a new line of business for her employers. Nora is a(n)  _____.

Accepted Answer

A)  entrepreneur
B)  intrapreneur
C)  extrapreneur
D)  interpreneur
E)  pseudopreneur

Question 16

Entrepreneurs, in part because they are very busy, often fail to use ____.

Accepted Answer

A)  formal control systems
B)  benchmarking
C)  emotional intelligence
D)  cost competencies
E)  social capital

Question 17

Most entrepreneurs start their own firms because they

Accepted Answer

A)  have failed at everything else they have done.
B)  are gamblers at heart and thrive on risk.
C)  feel satisfaction in creating something from nothing.
D)  want to get rich quickly and then sell the company.
E)  have unrealistic expectations about what it will entail.

Question 18

_____ is an entrepreneurial alliance between two organizations.

Accepted Answer

A)  Bootlegging
B)  An affiliate model
C)  Skunkworks
D)  Franchising
E)  A business incubator

Question 19

"Horse trading," "making cheerleaders," "getting the blessing," and "clearing the investment" are the steps in

Accepted Answer

A)  opportunity analysis.
B)  patent processing.
C)  external strategic alliance formation.
D)  building support for an intrapreneurial idea.
E)  creating a partnership.

Question 20

List and explain the nonfinancial resources that are crucial for the success of a business.

Accepted Answer

The answer of List and explain the nonfinancial resources that...

Exam 7: Entrepreneurship

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Explain the procedure a manager has to follow to build support for his or her project idea.

Correct Answer
Answered by ExamLex AI
To build support for a project idea, a m...
View Answer

A product that represents a novel idea requiring little financial investment would be displayed in the _____ of the entrepreneurial strategy matrix.

Correct Answer
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The tendency of an organization to engage in activities designed to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing goods or services is called ____.

Correct Answer
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_____ is an entrepreneurial alliance between two organizations.

Correct Answer
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Which of the following nonfinancial resources is crucial to the success of a new business?

Correct Answer
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Entrepreneurs, in part because they are very busy, often fail to use ____.

Correct Answer
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_____ are a way for a business to raise capital through federally registered and underwritten sales of shares in the company.

Correct Answer
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Nora works for a corporation and is using the company's resources to build a new line of business for her employers. Nora is a(n) _____.

Correct Answer
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List a few myths about entrepreneurs and explain why they are myths.

Correct Answer
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"Horse trading," "making cheerleaders," "getting the blessing," and "clearing the investment" are the steps in

Correct Answer
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Which of the following formal stages of the planning process has Abdul completed by assessing his vision, potential success, and himself?

Correct Answer
verified

_____ is a competitive advantage that exists in your relationships with other people and the image other people have of you.

Correct Answer
verified

Which of the following e-commerce models are online newspapers most likely to use?

Correct Answer
verified

A small business usually has fewer than _____ employees.

Correct Answer
verified

Most entrepreneurs start their own firms because they

Correct Answer
verified

Which of the following statements about entrepreneurs and risk is the most accurate?

Correct Answer
verified

The best business plans convey five key factors: the financing, the opportunity, the competition, the succession plan, and risk and reward.

Correct Answer
verified

List and explain the nonfinancial resources that are crucial for the success of a business.

Correct Answer
verified

In Scenario A, Nico's beliefs are some examples of the _____ of entrepreneurship.

Correct Answer
verified

Exam 7: Entrepreneurship

Correct AnswerverifiedShow Answer

Explain the procedure a manager has to follow to build support for his or her project idea.

Correct AnswerAnswered by ExamLex AITo build support for a project idea, a m...View AnswerShow Answer

A product that represents a novel idea requiring little financial investment would be displayed in the _____ of the entrepreneurial strategy matrix.

Correct AnswerverifiedShow Answer

The tendency of an organization to engage in activities designed to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing goods or services is called ____.

Correct AnswerverifiedShow Answer

_____ is an entrepreneurial alliance between two organizations.

Correct AnswerverifiedShow Answer

Which of the following nonfinancial resources is crucial to the success of a new business?

Correct AnswerverifiedShow Answer

Entrepreneurs, in part because they are very busy, often fail to use ____.

Correct AnswerverifiedShow Answer

_____ are a way for a business to raise capital through federally registered and underwritten sales of shares in the company.

Correct AnswerverifiedShow Answer

Nora works for a corporation and is using the company's resources to build a new line of business for her employers. Nora is a(n) _____.

Correct AnswerverifiedShow Answer

List a few myths about entrepreneurs and explain why they are myths.

Correct AnswerverifiedShow Answer

"Horse trading," "making cheerleaders," "getting the blessing," and "clearing the investment" are the steps in

Correct AnswerverifiedShow Answer

Which of the following formal stages of the planning process has Abdul completed by assessing his vision, potential success, and himself?

Correct AnswerverifiedShow Answer

_____ is a competitive advantage that exists in your relationships with other people and the image other people have of you.

Correct AnswerverifiedShow Answer

Which of the following e-commerce models are online newspapers most likely to use?

Correct AnswerverifiedShow Answer

A small business usually has fewer than _____ employees.

Correct AnswerverifiedShow Answer

Most entrepreneurs start their own firms because they

Correct AnswerverifiedShow Answer

Which of the following statements about entrepreneurs and risk is the most accurate?

Correct AnswerverifiedShow Answer

The best business plans convey five key factors: the financing, the opportunity, the competition, the succession plan, and risk and reward.

Correct AnswerverifiedShow Answer

List and explain the nonfinancial resources that are crucial for the success of a business.

Correct AnswerverifiedShow Answer

In Scenario A, Nico's beliefs are some examples of the _____ of entrepreneurship.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
Answered by ExamLex AI
To build support for a project idea, a m...
View Answer

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